Last year Cumberland Corporation reported a cost of goods sold of $82,000. Inventories increased by $32,000 during the year, and accounts payable increased by $20,000. The company uses the direct method to determine the net cash provided by (used in) operating activities on the statement of cash flows. The cost of goods sold adjusted to a cash basis would be: Multiple Choice $50,000 $94,000 $62,000 $134,000